Housing activity around western Washington during August resembled the pattern of the past several months with inventory continuing to grow, fewer homes selling and prices increasing compared to the same month a year ago.

New figures from Northwest Multiple Listing Service show pending sales in its 19-county service area dropped more than 22 percent from twelve months ago, while prices rose 2.8 percent.  Last month’s volume of pending sales, which totaled 7,751 transactions, was down about 10 percent from July when members reported 8,614 pending sales system-wide.

Although most of the office space currently under construction in downtown Bellevue seems to have lease committments, there is still a question of how long it will take for all the residential units being developed to be absorbed.  Afterall, we are in a slowing market with a huge amount of inventory already on the market.

It seems to me that any real estate agent or broker who is fulfilling their fiduciary duty to their clients would want to take advantage of any opportunity to expose their client's property for sale to as many potential clients as possible.  This should be especially true in a slowing market like we have locally, with the highest inventory levels we have seen in six years.  Afterall, most properties are no longer selling two days after being listed on the MLS.  Agents are actually having to work to market them again.  The properties that are not priced or marketed property are languishing on the markets for months and many have been subject to price reductions.  Without proper marketing and advertising, I predict there will be a lot more of that in the coming months.

To help homesellers and their listing agents/brokers (assuming they already have them) sell their homes in a more timely fashion, I have decided to offer FREE advertising in the print edition of Eastside Business (as well as many local and national websites) through AAA Properties.  Again, this is a FREE service and the properties will be advertised until sold.  If a home is already listed for sale through another broker, we just need their written permission to advertise it and then we will do everything possible to help get it sold. 

If you want to sell your property and it is not yet listed on the MLS, I suggest that you get it listed ASAP (before the market slows even more) regardless of whether you choose to use the discounted services of AAA Properties or the services of a more 'traditional' broker.  Either way, we are more than happy to help advertise and sell your property.  Give us a try - there's nothing to lose - except extra time on the market ...  425-455-LIST(5478).

AAA Properties has sponsored the latest edition of the Eastside Business weekly e-newsletter - it's very inexpensive and an extremely cost effective way of reaching over 2,100 people on the Eastside.

We're looking forward to helping out other real estate agents and brokerages, but more importantly, local home sellers who have properties they want (or need) to sell.  We are offering to advertise any Eastside property for sale in the print edition of Eastside Business (as well as many local and national websites) - FREE of charge, until it is sold.

If you have a property that you are currently trying to sell and have it listed with another broker, this is not a solicitation for your listing, but we are still willing to advertise it for you - we just need your brokers written permission to do so.  This is a no lose proposition for you - and your agent.  AAA Properties will work to get your property additional exposure that it is not getting now.

Please call us at 425-455-LIST (5478) or write to Sales(at)AAAProperties.net.  We look forward to helping you and your agent sell your property.